Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar ranks No. 2 in per capita GDP  Join our daily free Newsletter

MENAFN - The Peninsula - 08/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) As a result of real estate boom and massive infrastructure development, Qatar ranked second among the world's 30 leading countries in terms of per capita contribution to Gross Domestic Product (GDP) from 'built assets' estimated at 20,630 (QR75,124) in 2013, closely followed by the UAE, according to a global study released yesterday by EC Harris, a UK-based real asset consultancy.

Qatar, the host of 2022 Fifa World Cup, is only behind Singapore (29,500) and ahead of the United Arab Emirates (17,470), USA (17,460), Hong Kong (16,340) and Japan (15,450). While Germany (12,730) and France (12,720), Europe's largest and second largest economies have stood at 9th and 10 positions, respectively.

Launched by EC Harris, an ARCADIS company and built asset consultancy firm and developed in conjunction with the Centre for Economics and Business Research (Cebr), ARCADIS' Global Built Asset Performance Index, the landmark study illustrates how buildings and infrastructure contribute to GDP across the world, including Qatar.

Terry Tommason, Head of Qatar Property and Social Infrastructure, at EC Harris said: "Qatar is one of the prosperous performers ranked second out of 30 countries in terms of generating GDP from its built environment on a per capita basis. The economy generates significant income per capita from its built asset wealth than many countries which bodes well for future economic growth. Furthermore, the entire Middle East market is expected to show robust growth of 29 per cent in per capita terms over the coming decade and has the potential to raise built asset returns quickly."

On an absolute basis, however, Qatar ranked 30th out of the 30 markets surveyed, du to its relatively small geographic size and population. On this basis, China, India and Japan all featured in the world's top five markets in terms of GDP generated from built assets, with the USA and Germany completing the top five.


Tommason added: "From our research we can see that countries face many different challenges in order to maximise the performance of their built assets. While some countries are proactively managing their built asset wealth to put them in pole position to reap the economic returns over the coming decade, others are in danger of failing to invest in their aging built asset base leading to a slow decline in their economic power. Sustaining a built asset base that protects the environment, enables people to thrive and creates economic value is possible but a clear long-term vision to deliver this infrastructure is absolutely essential."

In terms of future performance, Singapore did not fare as well. While Asia is by far the region that is expected to see the biggest built asset performance expansion by 2022, with eight of the world's top 11 markets expected to see the most growth are located in Asia, Singapore and Japan were the economies not to be in the world's top 11. China, Indonesia, India and Malaysia were all in the top five for projected built asset performance by 2022.

The Index illustrates, for the first time, how Singapore compared to 29 other countries that collectively represent 82 percent of global GDP and are a mixture of both advanced and emerging economies. The Index also reveals that total built asset income within these countries stood at 27.2 trillion, amounting to 40 per cent of total GDP. This figure is expected to rise to 28.2 trillion in 2014.

 


The Peninsula




  MENA News Headlines
 Sep 25 2016 - An output freeze deal in Algeria means $60 oil!Khaleej Times
(MENAFN - Khaleej Times) The oil market has been a rollercoaster in 2016. A global financial panic triggered by China's yuan depreciation caused Brent crude to fall below $30 a barrel in late ...

 Sep 25 2016 - Output freeze eludes Russia, Saudi Arabia talksKhaleej Times
(MENAFN - Khaleej Times) The world's two biggest oil producers Saudi Arabia and Russia said on Monday they had agreed to "act together" to try to stabilise oil prices, but failed to make headway on ...

 Sep 25 2016 - Value, risk in large cap biotech sharesKhaleej Times
(MENAFN - Khaleej Times) Merger mania has led to fairy tale outcomes on some biotech shares on Wall Street. For instance, oncology biotech Medivation (MDVN) tripled in value in 2016 once Pfizer won ...

 Sep 25 2016 - US equities and a spasm of risk aversionKhaleej Times
(MENAFN - Khaleej Times) I had written a column two weeks ago outlining my view that US equities faced a dangerous autumn and the S & P 500 index was set for a fall of 150 points. However, even I ...

 Sep 25 2016 - Value investing themes in Asian equity marketsKhaleej Times
(MENAFN - Khaleej Times) When Ben Bernanke uttered the word "taper" in May 2013, he triggered a bloodbath in emerging markets and a free fall in "fragile five" currencies that included the Indian ...

 Sep 25 2016 - Wells Fargo mired in one of the most sordid scandalsKhaleej Times
(MENAFN - Khaleej Times) Wells Fargo was, until last week, America's most valued money centre bank, the crown jewel of Warren Buffet's investment portfolio, a model of corporate excellence whose ...

 Sep 25 2016 - Fear, risk and value in emerging market currenciesKhaleej Times
(MENAFN - Khaleej Times) The $5 trillion global foreign exchange market is hyper-sensitive to shifts in the ultra-easy money policies of the G-7 central banks. So it is no coincidence that the ...

 Sep 25 2016 - UAE equities to perform better in next 12 monthsKhaleej Times
(MENAFN - Khaleej Times) A bullish real estate outlook, an impending tourism boom driven by new branded theme parks and a widely anticipated pick-up in business activity are critical triggers for ...

 Sep 25 2016 - Mohammed bin Zayed reassured regarding Haj pilgrims from UAEKhaleej Times
(MENAFN - Khaleej Times) His Highness Shaikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, in a telephone call to Dr. Mohammed Matar ...

 Sep 25 2016 - UAE voices concerns on 'Justice Against Sponsors of Terrorism Act'Khaleej Times
(MENAFN - Khaleej Times) Shaikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation,has expressed the UAE's concern about the US Congress adopting the law ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help